CIBC Asset Management Inc Has $6.31 Million Holdings in Sandisk Corporation $SNDK

Key Points

• CIBC Asset Management increased its Sandisk stake by 207.7% in the fourth quarter, ending with 26,561 shares valued at about $6.31 million.
• Sandisk reported a strong quarterly beat, posting $23.41 EPS on $5.95 billion in revenue, well above analyst expectations, with revenue up 251% year over year. The company also guided Q4 2026 EPS to 30–33.
• Analysts remain broadly positive, with a Moderate Buy consensus and an average target price of $1,398.27, though some recent insider selling and mixed sentiment suggest the stock may face short-term volatility after its big run-up.

CIBC Asset Management Inc lifted its position in shares of Sandisk Corporation (NASDAQ:SNDK - Free Report) by 207.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,561 shares of the data storage provider's stock after buying an additional 17,929 shares during the quarter. CIBC Asset Management Inc's holdings in Sandisk were worth $6,305,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Mawer Investment Management Ltd. acquired a new stake in shares of Sandisk during the fourth quarter worth $10,186,000. New Mexico Educational Retirement Board bought a new position in Sandisk during the fourth quarter worth $1,519,000. Nomura Asset Management Co. Ltd. bought a new position in Sandisk during the fourth quarter worth $2,208,000. Founders Financial Securities LLC bought a new position in Sandisk during the fourth quarter worth $285,000. Finally, Thames Capital Management LLC bought a new position in Sandisk during the fourth quarter worth $5,373,000.

Analyst Ratings Changes

Several research analysts recently issued reports on SNDK shares. Cantor Fitzgerald increased their target price on shares of Sandisk from $1,400.00 to $1,800.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. KGI Securities began coverage on shares of Sandisk in a research note on Wednesday, March 18th. They issued an "outperform" rating and a $992.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Sandisk from $975.00 to $1,250.00 and gave the company an "equal weight" rating in a research note on Friday, May 1st. Weiss Ratings lowered shares of Sandisk from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Finally, Royal Bank Of Canada raised their price target on shares of Sandisk from $650.00 to $1,000.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,398.27.

Sandisk Stock Performance

NASDAQ SNDK opened at $1,559.32 on Friday. Sandisk Corporation has a 52-week low of $38.53 and a 52-week high of $1,861.00. The company has a 50-day simple moving average of $1,174.63 and a 200 day simple moving average of $695.82. The company has a market capitalization of $230.92 billion, a PE ratio of 54.20 and a beta of 4.87.

Sandisk (NASDAQ:SNDK - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The data storage provider reported $23.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.17 by $9.24. Sandisk had a net margin of 34.19% and a return on equity of 44.06%. The business had revenue of $5.95 billion during the quarter. During the same quarter last year, the business posted ($0.30) EPS. The business's quarterly revenue was up 251.0% on a year-over-year basis. Sandisk has set its Q4 2026 guidance at 30.000-33.000 EPS. As a group, analysts forecast that Sandisk Corporation will post 63.58 EPS for the current fiscal year.

Trending Headlines about Sandisk

Here are the key news stories impacting Sandisk this week:

• Positive Sentiment: Analyst commentary remains constructive, with reports citing bullish views on Sandisk and Morgan Stanley lifting its price target by 59%, signaling expectations for further upside from AI-driven memory demand. SNDK stock hits record high: Morgan Stanley raises PT by 59%, sees further upside ahead
• Positive Sentiment: Several bullish pieces argue Sandisk’s AI storage opportunity is still early, highlighting strong recent revenue growth, high margins, and a favorable memory-supply backdrop that could support fundamentals. Sandisk's AI Storage Moment Is Just Getting Started
• Neutral Sentiment: Market commentary notes Sandisk was among the standout semiconductor winners this year, but that outsized rally is also making the shares more vulnerable to profit-taking and valuation concerns. Sandisk stock is firing on all cylinders: is a day of reckoning coming?
• Neutral Sentiment: Another article suggests analysts still see Sandisk as a key AI memory beneficiary, reinforcing the long-term demand story even as short-term trading turns volatile. These Experts Say the Memory-Stock Runup May Not Be Over Yet
• Negative Sentiment: Friday’s selloff appears driven by a “parabolic” unwind in semiconductor leaders, with Sandisk and peers Micron and Marvell sliding as investors reduce exposure to overheated AI trades. Micron, Sandisk stocks slide as traders exit high-flying AI plays
• Negative Sentiment: New competition concerns and softer sentiment across tech hardware added to the weakness, suggesting near-term momentum could fade if the sector rotation continues. Micron (MU), SanDisk (SNDK) Stocks Slide after Broadcom Outlook and New Competition Threat

Insider Buying and Selling at Sandisk

In other news, Director Necip Sayiner sold 579 shares of Sandisk stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $1,503.11, for a total value of $870,300.69. Following the completion of the transaction, the director owned 2,900 shares in the company, valued at $4,359,019. This trade represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alper Ilkbahar sold 2,000 shares of Sandisk stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,756.58, for a total transaction of $3,513,160.00. Following the completion of the transaction, the executive vice president owned 52,677 shares of the company's stock, valued at $92,531,364.66. The trade was a 3.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,625 shares of company stock worth $8,913,497 over the last three months. Company insiders own 0.21% of the company's stock.

Sandisk Profile

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.

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